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. >> josh brown. >> buy johnson & johnson. >> there's more "fast money." the dow is off its lowest level of this day thus far it's down 120 points. it was down 145 at its lowest levels. keeping our eye on the cliff and the negotiations in d.c. follow me on twitter. >>> "halftime" is over. the second half of your trading day begins now. >>> the skies over capitol hill. what's going on there is landing like a led balloon on wall street. if you're losing money the last four days, you know who it is. senate majority leader harry reid says the u.s. is probably going over the fiscal cliff. he's planning a news conference. we don't have the exact time. when it goes, we'll go there. investors getting quite nervous. obviously the dow dropping below 13,000. the first time since early december. fear index is spiking the vick. what going over the cliff will mean for you and your money. we will talk about it this hour. >>> airline stocks flying high sitting at 1 1/2 year highs. will it be smooth skies for the industry next year in 2013. phil lebeau has the report. >>>
. >> josh brown. >> buy johnson & johnson. >> there's more "fast money." the dow is off its lowest level of this day thus far it's down 120 points. it was down 145 at its lowest levels. keeping our eye on the cliff and the negotiations in d.c. follow me on twitter. >>> "halftime" is over. the second half of your trading day begins now. >>> the skies over capitol hill. what's going on there is landing like a led balloon on wall street....
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Dec 27, 2012
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scott brown is wrong. so we'd like to hear from senator brown as soon as he gets to washington about why exactly he posted that on his facebook pain and what he meant by a proposal, but the administration official eager to knock that down. a little bit of drama about whether we had a counter offer here. apparently we do not have a counter offer. we will be monitoring facebook, twitter, instagram and maybe even my space for all the latest developments. >> it is a sign of the times, isn't it, eamon. markets moving, political gyrations get put on facebook pages. wouldn't you say? >> you need to build a giant algorithm that monitors everybody's facebook page plus all the twitter feeds and instagram. if you can pull that together, you might have something. >> eamon, we have pulled all that together. it's called cnbc. here we are. >> this is what we're doing today. >> we are your one stop shop. thank you very much, eamon. >>> is today's drop in the markets all about the fiscal cliff? let's bring in tim and dan g
scott brown is wrong. so we'd like to hear from senator brown as soon as he gets to washington about why exactly he posted that on his facebook pain and what he meant by a proposal, but the administration official eager to knock that down. a little bit of drama about whether we had a counter offer here. apparently we do not have a counter offer. we will be monitoring facebook, twitter, instagram and maybe even my space for all the latest developments. >> it is a sign of the times, isn't...
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Dec 27, 2012
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. >> josh brown made the compelling argument with delta. >> i think with a stock like delta, stay with the trend. i would stay bullish as well until something changes. if you get a huge spike include, it invalidates it. >> in the control room, can you throw up the dow real quick? i want to point out we're at session lows, down 145 points or so on the dow jones average. back at session lows, not much progress, if any, made in d.c. over the last 42 hours or so over the fiscal cliff and only two trading days after today until we go over. dow broken below 13 thousand where it currently sits. nasdaq is getting hammered to y today. you saw apple approaching the low of 505 and not counting several days ago it dipped below 500 bucks. this was a stock at $705, that record high hit back in september. the market is falling out of bed. >> it's not rising above, sinkening beneath. like the politician. >> that's where we have play on leadership. if we're not looking to d.c. we better look to the stock market for all of you putting your hard earned money to stocks and etfs or wherever you're investin
. >> josh brown made the compelling argument with delta. >> i think with a stock like delta, stay with the trend. i would stay bullish as well until something changes. if you get a huge spike include, it invalidates it. >> in the control room, can you throw up the dow real quick? i want to point out we're at session lows, down 145 points or so on the dow jones average. back at session lows, not much progress, if any, made in d.c. over the last 42 hours or so over the fiscal...
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Dec 27, 2012
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i'm not a big scott brown follower. i think he's a little different, in my book, but that tweet he sent where the president made the gop a deal and he was jumping on a plane and all of a sudden the white house denied it's true and now we see that the house of representatives, for no apparent tangible reason, going to be back in session on sunday, i personally think scott brown tweeted something he wasn't supposed to. i think there is movement there, and i think maybe his tweet offers us a clue, even though nobody want to acknowledge the characters in kabuki theser. >> isn't that interesting. andrew, it all comes as the volatility index, the fear indicator in the market has been rising. we were back in yellow black territory, above 20 for the first time since july. which would mean that the market was actually getting sweaty palms here, don't you think? >> yeah. it's getting pretty chaotic. the interesting thing to me is you look at the volume. the volume is extremely low. look at a stock like apple. shares 20 million sh
i'm not a big scott brown follower. i think he's a little different, in my book, but that tweet he sent where the president made the gop a deal and he was jumping on a plane and all of a sudden the white house denied it's true and now we see that the house of representatives, for no apparent tangible reason, going to be back in session on sunday, i personally think scott brown tweeted something he wasn't supposed to. i think there is movement there, and i think maybe his tweet offers us a clue,...
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Dec 27, 2012
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. >> what we got was a facebook post from scott brown who said he was come back to washington and jumping on an airplane to review some new proposal from the president that they expected to get. the whole afternoon has been spent by reporters trying -- trying to figure out what was going on. now harry vaed responding to mcconnell so let's right to it. >> he's upset because, quote, the phone never rang. he complains i've not delivered solutions to the fiscal cliff. he's in error. we all know that in july of this year we passed in the senate the relief that would give -- that it would give to middle class americans. that -- that passed the senate. now, we know the republicans have buried themselves in procedural roadblocks in everything we're trying to do out here and now they are saying, well, we can't do the 250 because it wasn't blue slipped, because it will be blue slipped. mr. president, how does the american people retook the that? there was a bill introduced by the ranking member of the ways and means committee in the house, sandy levin, that called for this legislation. the speaker
. >> what we got was a facebook post from scott brown who said he was come back to washington and jumping on an airplane to review some new proposal from the president that they expected to get. the whole afternoon has been spent by reporters trying -- trying to figure out what was going on. now harry vaed responding to mcconnell so let's right to it. >> he's upset because, quote, the phone never rang. he complains i've not delivered solutions to the fiscal cliff. he's in error. we...
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joining us on set michael brown, partner in a.t. kearney's retail practice. do we know, you have a good number for me? is 2 1/2 the number, between 3 and 4, do we know? >> the numbers are all over the place depending on what time period you're looking at and who's numbers you're looking at. most of the consensus is going to be that 2.5%, 3% range where it was forecast at the beginning of the season. >> 3% to 4% would be better. >> it looks like it's going to be closer to the 3 number. >> every year we sweat this out and there's not a whole lot of deviation from the mean most years. is there more this year because of the cliff? >> yeah, i think the cliff is partially about it. but you have to look at where we come from. beginning of the season, we saw the economy turning around. we saw construction increasing. we saw consumer confidence being up. all of a sudden then, we had the impacts of sandy, a tragedy up in newtown, connecticut, and just a lot of other factors that just put a damper on the season. >> so, it is fair to say that it started better than it en
joining us on set michael brown, partner in a.t. kearney's retail practice. do we know, you have a good number for me? is 2 1/2 the number, between 3 and 4, do we know? >> the numbers are all over the place depending on what time period you're looking at and who's numbers you're looking at. most of the consensus is going to be that 2.5%, 3% range where it was forecast at the beginning of the season. >> 3% to 4% would be better. >> it looks like it's going to be closer to the 3...